Ethereum – Ripple’s Ethereum, Litecoin and XRP – Technology Assessment Day by Day – November 23, 2020
For the next day
Litecoin would like to avoid a downside via the $ 82.99 pivot again to assist a run on the first stage of major resistance at $ 87.97.
However, you might want help from the broader market for Litecoin to break the $ 85 ranges.
Barring another protracted cryptocurrency rally, the major resistance phase and the excessive $ 88.00 on Sunday would likely limit any upside.
On the occasion of another prolonged breakout, Litecoin would likely take a look at the second major resistance stage at $ 92.99.
Failure to avoid a fall again by means of the $ 82.99 pivot stage would bring the main support stage at $ 77.97 into play.
Barring an extended sell-off later in the day, however, Litecoin is expected to move away nicely from the second phase of main support at $ 72.99.
Testing the technical indicators
First grade of major aid: $ 77.97
Pivotal Degree: $ 82.99
First degree of major resistance: $ 87.97
Degree of FIB retracement of 23.6%: $ 45.30
38.2% Degree of FIB Retracement: $ 71
Degree of FIB retracement at 62%: $ 100
Ripple’s XRP
Ripple’s XRP fell 3.56% on Sunday. After a 40.04% rise on Saturday, Ripple’s XRP ended the week up 65.9% at $ 0.44669.
It was a mixed start to the day. Ripple’s XRP rose to an excessive morning intraday level of $ 0.4980 before reversing.
Needing the main resistance run at $ 0.5122, Ripple’s XRP slid to a morning intraday low $ 0.40401.
While moving away from the primary main support phase at $ 0.3713, Ripple’s XRP fell through the 38.2% FIB of $ 0.4392. Ripple’s XRP revisited ranges at $ 0.475 in the late morning before a late morning pullback.
The pullback saw Ripple’s XRP drop again thanks to the 38.2% FIB to $ 0.4080 prior to the discovery of assistance. By way of twond Mid-day, Ripple’s XRP again broke through the 38.2% FIB to revisit the $ 0.48 ranges.
A bearish last hour, however, noted Ripple’s XRP plunged back below $ 0.45 and ended the day deep pink.
At the time of writing, Ripple’s XRP was up 0.80% to $ 0.45027. A bullish start to the day saw Ripple’s XRP shift from a morning low $ 0.44603 to an excessive $ 0.45320.
Ripple’s XRP left the most important assistance and resistance ranges untested in the beginning.
